Bev went to lunch with some friends. The bill, including tax, was $20. Bev left a tip of $5.

1 answer:

3 0

In order to find the percent tip, you divide the amount left by the total amount of the bill:
$5 tip/$20 bill = 0.25
In order to change this into a percent, you need to multiply this 0.25 by 100, so the percent tip left is 25% of the bill

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Answer:

The student will have to reimburse 2,991.03 two years later.

Step-by-step explanation:

This is a compound interest problem:

The compound interest formula is given by:

$A = P(1 + \frac{r}{n})^{nt}$

In which A is the amount of money, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per unit t and t is the time the money is invested or borrowed for.

In this problem, we have that:

A is the amount the student will have to reimburse two years later.

P is his loan. so $P = 2,500$

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